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The EMS : achievements, current issues and directions for the future
Gros, Daniel; Thygesen, Niels - 1988
Persistent link: https://www.econbiz.de/10000033713
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A new two-pillar strategy for the ECB
De Grauwe, Paul; Gros, Daniel - 2009
The ECB has been arguing in the past that since there is no trade-off between price stability and financial stability, the pursuit of price stability is the best a central bank can do to also maintain financial stability. We argue that there is a potential trade-off between price stability and...
Persistent link: https://www.econbiz.de/10003888991
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Discretionary fiscal policy : review and estimates for the EU
Beetsma, Roel; Giuliodori, Massimo - 2010
provide our own estimates for the EU countries. A fiscal expansion raises output and consumption and reduces the trade balance … open EU economies, consistent with larger leakage effects. Further direct estimates suggest that fiscal expansions in large … EU economies have non-negligible consequences for economic activity in the main trading partners. This provides a …
Persistent link: https://www.econbiz.de/10003937804
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Pension systems, ageing and the stability and growth pact
Beetsma, Roel (contributor); Oksanen, Heikki (contributor) - 2007
Persistent link: https://www.econbiz.de/10003623944
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Is fiscal policy coordination in EMU desirable?
Beetsma, Roel; Debrun, Xavier; Klaassen, Franc - 2001
It is widely argued that Europe's unified monetary policy calls for the international coordination at the fiscal level. We survey the issues involved with such coordination of fiscal policy as a demand management tool and we use a simple model to investigate the circumstances under which...
Persistent link: https://www.econbiz.de/10011400878
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Who needs foreign banks?
Gros, Daniel - 2003
10 countries from Central and Eastern Europe (CEEC) that will join the EU in 2004/7 the banking system is now dominated …
Persistent link: https://www.econbiz.de/10011508110
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Asymmetries in the trans-Atlantic monetary policy relationship : does the ECB follow the Fed?
Belke, Ansgar (contributor); Gros, Daniel (contributor) - 2005
The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...
Persistent link: https://www.econbiz.de/10002749782
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Towards economic and monetary union : problems and prospects
Gros, Daniel - 1996
Persistent link: https://www.econbiz.de/10000940296
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Adjustment Difficulties and Debt Overhangs in the Eurozone Periphery
Gros, Daniel - 2011
This paper describes four key drivers behind the adjustment difficulties in the periphery of the eurozone: • The adjustment will be particularly difficult for Greece and Portugal, as two relatively closed economies with low savings rates. Both of these countries combine high external debt...
Persistent link: https://www.econbiz.de/10013122004
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Looking through and past COVID-19 : do spillovers matter? : study requested by the ECON committee
Siklos, Pierre L. - Europäisches Parlament / Policy Department for … - 2021
Persistent link: https://www.econbiz.de/10012619406